Obermatt

eMemory Technology

TWO:3529 · TW0003529004
Semiconductors & Semiconductor EquipmentSmall

360

90
EV / EBIT16
Price / Owner Earnings12
Owner Earnings Yield41
Dividend Yield57
Price/Sales3
EV / Gross Profit17
Price/Book1
Return on Capital98
Cash Return on Capital99
Return on Equity98
EBIT Margin100
Gross Profitability100
Cash Conversion34
Accruals44
Owner Earnings Margin100
Sales growth70
Profit Growth27
Long-Term EPS Growth75
Owner Earnings Growth61
Reinvestment37
Price momentum27
Debt load95
Refinancing23
Debt Payback100
Liquidity100
Analyst ratings100
Opinion Changes50
Price Target Upside100
Market mood100
Value Creation18/20strong value creator
  • Creates more value than its capital costs
  • Owner earnings growing
  • Owner earnings per share growing
  • Reinvests at strong returns
  • Solid earnings base

What this means

eMemory Technology generates returns well above its cost of capital, the foundation of durable shareholder value.

Profile

CountryTaiwan
IndustrySemiconductors & Semiconductor Equipment
SizeSmall
TypePublic Company
ExchangeTPEX
Founded2000
Employees93
ISINTW0003529004
Last UpdateApr 2, 2026
Index & Theme
EncryptionNetwork SecuritySensorsSmart CardsDetectors, Sensors and MemsPost-Quantum CryptographyData ProtectionFlash StorageSemiconductor

Description

eMemory Technology Inc. researches, develops, manufactures, and sells embedded flash memory products in Taiwan and internationally. The company offers a variety of products, such as NeoBit®, NeoFuse®, NeoPUF®, NeoEE®, and NeoMTP®. Business Segments…

Analysis

Beloved champion

eMemory Technology Inc. is a beloved champion: its quality is genuine, and the market already prices it as exceptional. One caution: reported profits have recently run ahead of actual cash, which we track closely.

The price is expensive. You pay 116.5× its owner earnings: the cash an owner could take out each year, which is in the historically expensive zone. At today's price, the market is assuming roughly 30% yearly growth; analysts expect 40%. The price, in other words, assumes less than the experts do.

The trajectory is moderate and the balance sheet is sturdy. The company scores 18/20 on our value-creation score: strong value creator. Analysts lean positive.

What to watch: Some accounting patterns deserve a closer look. Reported profits have run ahead of actual cash for several periods. As always: this describes the company's numbers; it is not a recommendation.

360° rank · history

1007550250
69
2023202420252026

All-time high

94

Jan 2024

All-time low

31

Jan 2023

Average rank

70

across all years

Detailed & Historical Ranks

Deep dive into 15 detailed ranks and 3 years of history.

Current202520242023
Price/Sales
3
1
1
1
Price/Earnings
7
6
5
1
Price/Book
1
1
1
1
Dividend Yield
57
28
23
18
Value (overall)
6
1
1
1

Cells are coloured by rank band (red weak → green strong). Sentiment & 360° history begins 2023.

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Make Sense of the Ranks

Every rank runs 1–100 against true peers. Higher is always better.

360° View
1 · Watch OutGood· 100
Value
1 · ExpensiveGood Value· 100
Quality
1 · Weak FundamentalsHigh Quality· 100
Growth
1 · Tough TimesHigh Growth· 100
Safety
1 · High LeverageWell-Financed· 100
Sentiment
1 · SkepticismPositive· 100
Learn More →